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Today, you are borrowing money from your local bank. The loan is to be repaid in one lump sum payment of $4,000 one year from

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Today, you are borrowing money from your local bank. The loan is to be repaid in one lump sum payment of $4,000 one year from now. How much money are you borrowing today if the APRIS 5.8 percent? $4,242.00 $2.773.86 O $3.221.64 $3,780.72 None of the answers is correct

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